The US Department of Energy (DOE) today announced $100 million in Recovery Act funding to speed up the development of grid-scale energy storage and other clean energy technologies. Finding cost-effective ways to store energy on a large scale across the electrical grid is vital for reducing dependence on fossil fuels and making use of renewables even when the sun isn’t shining or the wind isn’t blowing.

US Energy Secretary Steven Chu announced the funding today at the first-ever ARPA-E Energy Innovation Summit in Washington, DC.

ARPA-E stands for “Advanced Projects Research Agency – Energy.”

Read the complete article here:

http://www.greenbang.com/us-announces-100-million-for-large-scale-energy-storage-research_13756.html

Picture Credit: Argonne National Laboratory